Global ETF News Older than One Year
Deutsche Börse Group: year 2011 in review
December 27, 2011--The year 2011 was defined especially by the uncertainties surrounding the European sovereign debt crisis and the associated volatility in the financial markets. This led to greater hedging needs for market participants.
In 2011, Deutsche Börse AG acted again as a guarantor of safety and stability for the financial markets, with a positive impact on the real economy. The Group will therefore continue its growth initiatives in the areas of risk management, clearing, sales and products in 2012.
The Eurex, ISE and Xetra exchanges operated by Deutsche Börse all increased their trading volumes in 2011 compared with the previous year. Year-to-date, Eurex grew by around nine percent, ISE by five percent and Xetra by 13 percent. This also benefited the post-trading areas Eurex Clearing and Clearstream – the volumes cleared and settled/held in custody grew year-on-year by two and eleven percent, respectively. Market Data & Analytics also achieved considerable growth in its business activities of eight percent year on year. The growth in transactions and business would not have been possible without best in class IT infrastructure, in which Deutsche Börse has made significant investments over the past year. One example of this was the successful launch of Optimise – the new proprietary trading architecture of Deutsche Börse – at ISE. Another was the launch of the world’s leading client segregation solution by Eurex Clearing.
Source: Deutsche Börse
U.S. Department of Justice approves Deutsche Börse and NYSE Euronext merger ISE to sell Direct Edge stake as a condition of approval
December 22, 2011--The U.S. Department of Justice (DOJ) today approved the merger of Deutsche
Börse and NYSE Euronext. This represents an important regulatory milestone for the merger. .
The DOJ’s clearance was contingent upon the International Securities Exchange (ISE) agreeing to sell its 31.5 percent stake in Direct Edge, a U.S. stock exchange. Until completing the divestiture, ISE’s ownership in Direct Edge will be held passively
ISE is 100 percent owned by Eurex, which is the derivatives exchange of Deutsche Börse. ISE partnered with Direct Edge in late 2008 when the ISE equity market operations (known as ISE Stock Exchange) became a wholly owned subsidiary of Direct Edge. In return, ISE gained a minority stake in Direct Edge.
The merger of Deutsche Börse and NYSE Euronext is subject to further closing. conditions. The approval by the EU Commission is still outstanding. The EU Commission has announced to make a final decision by no later than February 9, 2012. Further approvals by the relevant national stock exchange supervisory authorities are also outstanding.
Source: Deutsche Börse
Six Market Vectors Sector Indices to Underlie Exchange-Traded Funds
December 21, 2011--Market Vectors Index Solutions (MVIS) today announced that it has licensed six of its Market Vectors Indices to Van Eck Associates Corporation – a leading provider of exchange-traded funds (ETFs) in the United States.
The following indices serve as the basis for recently launched ETFs:
Market Vectors US Listed Bank and Brokerage 25 Index (MVRKH)
Market Vectors US Listed Biotech 25 Index (MVBBH)
Market Vectors US Listed Oil Services 25 Index (MVOIH)
Market Vectors US Listed Pharmaceutical 25 Index (MVPPH)
Market Vectors US Listed Retail 25 Index (MVRTH)
Market Vectors US Listed Semiconductor 25 Index (MVSMH)
Source: Market Vectors Index Solutions GmbH (MVIS)
China hackers breach US Chamber of Commerce
December 21, 2011--Hackers in China broke through the computer defences of the US Chamber of Commerce last year and were able to access information about its operations and its 3 million members, the Wall Street Journal reported on Wednesday.
The operation against the top American business lobbying group involved at least 300 internet addresses and was discovered and shut down in May 2010, the Journal reported, citing unidentified people familiar with the matter.
Source: FIN24
Consultative paper on revised "Core principles for effective banking supervision" issued by the Basel Committee
December 20, 2011--The Basel Committee on Banking Supervision today issued for public comment its revised Core principles for effective banking supervision.
The consultative paper updates the Committee's 2006 Core principles for effective banking supervision and the associated Core principles methodology, and merges the two documents into one. The Core Principles have also been re-ordered, highlighting the difference between what supervisors do themselves and what they expect banks to do: Principles 1 to 13 address supervisory powers, responsibilities and functions, focusing on effective risk-based supervision, and the need for early intervention and timely supervisory actions. Principles 14 to 29 cover supervisory expectations of banks, emphasising the importance of good corporate governance and risk management, as well as compliance with supervisory standards.
view the Core principles for effective banking supervision - consultative document
Source: BIS
ETFS US Precious Metals Weekly: Gold speculative futures investors de-lever as ETF investors position for price rebound
December 19, 2011--De-leveraging leaves COMEX gold and other precious metals’
speculative futures positioning at their lowest levels in 2 years.
Sustained deleveraging since September has left net speculative positions
in gold, as well as silver and palladium at their lowest levels in over two years, removing a key headwind to a price recovery heading into 2012.
COMEX speculative futures investors cut gold futures positions by 11% to
an 8 week low, in contrast to further accumulation by ETF investors
Gold spot price drops below its 200 day moving average, triggering further clearing of speculative long gold positions. The gold price dropped below the key technical 200 day moving average last week, triggering selling by quant funds and short-term traders. The gold price has been hit along with other commodity prices as the US dollar has surged against a Euro plagued by sovereign risk concerns and as investors have squared positions in the run-up to the end of a generally difficult year for investors.
Global gold ETP holdings hit a new high indicating longer-term investors view the recent gold price decline excessive. Global ETF investor positions have continued to trend up in both gold and silver, reflecting the fact that long term price supports such as negative real interest rates, currency debasement and sovereign/financial sector default risk, and rising emerging market/central bank demand remain embedded in the 2012 outlook. Global platinum and palladium ETF holdings have been pared back 10-30% from their peaks on slowing global growth indicators, though investors continue to sit on a majority of positions built since the credit crisis. Successive supply-chain bottlenecks in 2011 have obscured a tightening mine supply picture and emerging market-driven uptrend in autocatalyst demand for platinum and palladium in recent years, themes likely to resurface once developed economy debt concerns have finally been addressed.
visit www.etfsecurities.com for more info.
Source: ETF Securities
Oil rises above $94 a barrel in Europe amid signs of improving US economy
December 16, 2011--Oil prices rose above $94 a barrel Friday amid concerns about sanctions against major oil exporter Iran and signs the U.S. economy is slowly improving, which could boost demand for crude.
By early afternoon in Europe, benchmark crude for January delivery was up 50 cents to $94.37 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell by $1.08 to settle at $93.87 on Thursday.
Source: Washington Post
Thomson Reuters Global Equities Monthly Market Share Data Reports-November 2011
December 15, 2011--Trading is fragmenting between exchanges and competing venues. But by how much and which venues? Find out in the summarised monthly reports.
Source: Thomson Reuters
Old Mutual shares jump on sale of Nordic arm for £2.1bn
Anglo-South African insurance group Old Mutual topped the blue-chip leaderboard on Thursday after agreeing to sell its Nordic division for £2.1bn.
December 15, 2011--Old Mutual, which has insurance, asset management and banking operations in more than 30 countries, will sell the business to Skandia Liv, a stand-alone entity within the group via a 'policyholder buy-out'.
Skandia Liv operates as a mutual insurer and will use some of its 300bnSKr (£27.7bn) in policyholder funds to buy the business, which has savings and banking operations in Sweden, Denmark and Norway. Following completion of the deal, it will sever all formal ties with Old Mutual.
Source: The Telegraph
Dow Jones Indexes Named ‘Best Islamic Index Provider’ BY Islamic Finance News For Fifth Consecutive Year
2011 Honour Marks the 27th Industry Award For Dow Jones Islamic Market Indexes Since its 1999 Launch
December 15, 2011--Dow Jones Indexes today announced it has been named 2011’s “Best Islamic Index Provider” by Islamic Finance News (IFN) – the fifth consecutive year in which the firm has captured the IFN award in recognition of its Dow Jones Islamic Market Indexes.
Dow Jones Islamic Market Indexes’ latest honour – part of IFN’s annual “Best Service Providers” awards — is the fourth trophy the index family has claimed in 2011; earlier this year, Dow Jones Islamic Market Indexes was named:
“Best Islamic Index Provider” by Islamic Business & Finance;
Source: Dow Jones Indexes
